AUD/USD defends the 50-day SMA support at 0.7199. The bias remains bearish as RSI holds below 50. AUD/USD is currently trading unchanged on the day at 0.7220, having found bids just below the 50-day simple moving average (SMA) of 0.7199 early Tuesday. While the average support has been defended, the bias remains bearish, as the 14-day relative strength index is still hovering below 50. Acceptance under the Sept. 9 low of 0.7192 would validate the bearish lower high of 0.7345 created on Sept. 16 and likely yield a deeper decline to 0.70. A daily close above the lower high of 0.7345 is needed to put the bulls back into the driver’s seat. Daily chart Trend: Bearish Technical levels FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next US Dollar Index Price Analysis: DXY bulls catch a breather around six-week top FX Street 1 year AUD/USD defends the 50-day SMA support at 0.7199. The bias remains bearish as RSI holds below 50. AUD/USD is currently trading unchanged on the day at 0.7220, having found bids just below the 50-day simple moving average (SMA) of 0.7199 early Tuesday. While the average support has been defended, the bias remains bearish, as the 14-day relative strength index is still hovering below 50. Acceptance under the Sept. 9 low of 0.7192 would validate the bearish lower high of 0.7345 created on Sept. 16 and likely yield a deeper decline to 0.70. A daily close above the lower high of… Top Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
